Kelly Lynn Loeffler or Kelly Loeffler is an American politician and businesswoman. She served as the United States Senator from Georgia from 2020 to 2021.
Kelly Loeffler Personal Details
Stage Name: Kelly Loeffler
Full Name: Kelly Lynn Loeffler
Birthday: November 27, 1970
Place of Origin: Bloomington, Illinois, U.S.
Height: 5 ft. 9 in.
Sexual Orientation: Straight female
Spouse: Jeffrey Sprecher, married since 2004
Profession: Politician, businesswoman
Total Net Worth: $1 billion
Kelly Loeffler’s Personal Life
Kelly Lynn Loeffler was born on November 27, 1970. Her hometown is in Bloomington, Illinois, and was where she lived with her parents Don Loeffler and Lynda Munsell Loeffler. Kelly was raised in Stanford, Illinois, on her family’s corn and soybean farm. Her parents, Don and Lynda, were married in 1969. Kelly has a brother named Brian.
In high school, Kelly attended Olympia High School at Stanford. In school, she joined the marching band, ran track and cross-country, and varsity in basketball.
In uni, Kelly attended the University of Illinois at Urbana-Champaign’s Gies College of Business. Kelly graduated in 1992 with a Bachelor of Science in marketing. After graduation, Kelly worked as a District Account Manager for Toyota. She then proceeded to take her master’s degree in DePaul University’s Kellstadt Graduate School of Business. Kelly graduated in 1999 with a Master of Business Administration in International Finance and Marketing. To pay for her tuition, she financed herself by mortgaging land which she inherited from her grandparents.
Kelly Loeffler has been married to Jeffrey Sprecher since 2004. Her husband is the founder and CEO of Intercontinental Exchange and Chairman of the New York Stock Exchange. The couple is residing in Tuxedo Park, Atlanta, in their estate which they named Descente. The estate was bought in 2013 for $10.5 million, a 15,000-square-foot. With the combined net worth of Kelly and her husband, Kelly is the wealthiest U.S. Senator.
Kelly Loeffler bought $1 million in stocks in companies days before the terms of the CARES Act were announced.
For her political campaigning, Kelly used a Bombardier Challenger 300 private jet. The said private jet cost from $7 million to over $20 million.
Kelly Loeffler’s career
Kelly started working at Citibank, William Blair & Company, and the Crossroads Group after she earned her MBA. Then in 2002, Kelly worked at the Intercontinental Exchange in investor relations. The Intercontinental Exchange is a commodity and financial service provider. In 2004, Kelly married Jeffrey Sprecher, CEO of the Intercontinental Exchange.
Kelly was then promoted to senior vice president of investor relations and corporate communications. Also, Kelly became the CEO of Bakkt which is a subsidiary of Intercontinental Exchange.
In 2009, Kelly helped establish and market the Intercontinental Exchange credit default swap clearinghouse. She helped establish the company in the Cayman Islands which is an offshore tax haven. Not only that, it has allowed some of the biggest banks to avoid paying taxes on the repatriation of income. Thus, allowing the Intercontinental Exchange to operate by using the Ugland House as a registration address without being physically present in the Cayman Islands.
Kelly pursued politics and left the Intercontinental Exchange which the company awarded Kelly $9 million of financial assets. According to her spokesperson, Kelly left millions in equity compensation behind when she joined the Senate.
Kelly Loeffler’s U.S. Senate
In 2014, Kelly sought the Republican nomination in the United States Senate election in Georgia but had to pass because of the pending acquisition of the New York Stock Exchange in the Intercontinental Exchange.
When the sitting Georgia Senator had to resign because of health issues, by Georgia Law, the Governor, Kemp, appointed Kelly to fill in Johnny’s not-yet-expired term on December 4, 2019. Even when Kemp traveled to Washington to explain why he wanted to appoint Kelly instead of Doug Collins, many Georgia conservatives were angered by the decision.
On January 6, 2020, Kelly Loeffler was sworn into the United States Senate, and she became the 2nd female to represent Georgia in the Senate. During her tenure, Kelly has sponsored 42 bills and co-sponsored 187. She also dubbed herself as the most conservative Republican in the Senate.
Kelly Loeffler’s Committees:
Committee on Health Education, Labor, & Pensions
- Subcommittee on Employment and Workplace Safety
- Subcommittee on Children and Families
- Primary Health and Retirement Security
Joint Economic Committee
Committee on Veterans Affairs
Committee on Agriculture, Nutrition, & Forestry
- Conservation, Forestry, and Natural Resources
- Livestock, Marketing, and Agriculture Security
Kelly Loeffler and Jeffrey Sprecher have faced controversies. In 2020, Kelly and her husband received harsh criticism after they sold $20 million worth of stocks sometime between January and March 2020. The couple sold stocks after they received an intelligence briefing on the upcoming effects of the coronavirus to avoid massive losses. Kelly has denied these allegations. On June 16, 2020, the Senate Ethics Committee wrote to Kelly that based on all the information, they did not find any violations and dismissed the Common Cause’s complaint.
While she was seated in the Senate, Kelly aligned herself closely with the former President, Trump. She supported Trump to the point she stated that she does not disagree with anything Trump has said or done. With Trump’s controversy, the Access Hollywood tape in which Trump describes groping women, Kelly told reporters that she does not know about it.
Kelly Loeffler Total Net Worth
Kelly Loeffler’s net worth has made her the richest member of Congress. She is the 2nd female Senator from Georgia. Aside from that, she is married to the CEO of Intercontinental Exchange, Jeffrey Sprecher.
With the combined net worth of Kelly and Jeffrey, their net worth has increased to a billion.
Kelly Loeffler has an estimated net worth of $1 billion.